HARRIS ASSOCIATES INVESTMENT TRUST
497, 1998-07-30
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                SUPPLEMENT TO PROSPECTUS DATED JANUARY 25, 1998
                     OF HARRIS ASSOCIATES INVESTMENT TRUST
 
                          THE OAKMARK FAMILY OF FUNDS
                           REDUCED MINIMUM INVESTMENT
 
Effective August 1, 1998, the minimum initial investment in any fund has been
reduced from $1,000 to $500 for any investor who elects the Automatic Investment
Plan or the Payroll Deduction Plan.
 
                    THIS SUPPLEMENT IS DATED AUGUST 1, 1998


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